Grupo Aeromexico (NYSE:AERO) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Grupo Aeromexico (NYSE:AERO) from a buy rating to a hold rating in a report released on Tuesday.

Other analysts also recently issued research reports about the stock. Zacks Research raised shares of Grupo Aeromexico from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. The Goldman Sachs Group raised shares of Grupo Aeromexico to a “strong-buy” rating in a report on Monday, April 13th. JPMorgan Chase & Co. cut their target price on shares of Grupo Aeromexico from $28.00 to $26.50 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Weiss Ratings downgraded Grupo Aeromexico from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. Finally, Jefferies Financial Group initiated coverage on Grupo Aeromexico in a report on Thursday, June 18th. They issued a “hold” rating and a $20.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Grupo Aeromexico currently has an average rating of “Moderate Buy” and a consensus price target of $28.06.

Grupo Aeromexico Stock Performance

NYSE:AERO opened at $15.52 on Tuesday. The stock has a market cap of $2.12 billion and a price-to-earnings ratio of 36.94. Grupo Aeromexico has a one year low of $12.26 and a one year high of $23.05. The business’s 50-day simple moving average is $16.61 and its 200 day simple moving average is $16.79.

Grupo Aeromexico (NYSE:AERO) last issued its quarterly earnings data on Tuesday, July 14th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Grupo Aeromexico had a net margin of 3.78% and a negative return on equity of 25.10%. The business had revenue of $1.48 billion for the quarter. On average, equities research analysts predict that Grupo Aeromexico will post 1.05 EPS for the current year.

Insider Activity at Grupo Aeromexico

In other news, insider Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $1.51, for a total value of $906,000.00. Following the completion of the transaction, the insider directly owned 1,968,130 shares of the company’s stock, valued at approximately $2,971,876.30. The trade was a 23.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 12.82% of the company’s stock.

Hedge Funds Weigh In On Grupo Aeromexico

A number of large investors have recently bought and sold shares of AERO. Public Employees Retirement System of Ohio bought a new position in shares of Grupo Aeromexico during the first quarter valued at approximately $56,000. R Squared Ltd acquired a new position in Grupo Aeromexico during the 1st quarter valued at approximately $163,000. Federated Hermes Inc. bought a new position in Grupo Aeromexico during the 4th quarter worth $220,000. Sandia Investment Management LP bought a new position in Grupo Aeromexico during the 4th quarter worth $220,000. Finally, Quarry LP acquired a new stake in Grupo Aeromexico in the fourth quarter worth $232,000.

About Grupo Aeromexico

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.